(U.S. Global Jets ETF)
| JETS latest price $22.2800 (1.5%) ($21.9030 - $22.5200) on Wed. Jan. 6, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.94% (three month average) |
RSI | 40 |
Latest Price | $22.2800(1.5%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | JETS advances 0.1% a day on average for past five trading days. |
Weekly Trend | JETS declines -1% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support JETS advance at 0% a week (0% probability) PEJ(80%) IYT(75%) IWM(73%) IWN(73%) IWC(70%) |
Factors Impacting JETS price | JETS will decline at least -1.47% in a week (0% probabilities). VIXM(-39%) UUP(-21%) VXX(-15%) TLT(-6%) SHY(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.47% (StdDev 2.94%) |
Hourly BBV | 1 () |
Intraday Trend | 1.5% |
| |
|
|